Francisco Industries, Inc. (FRAZ)

[deet49]

Shipping giant accused of transporting property stolen by Cuban government from its citizens
FEDERAL COURT

By Savannah Howe | Mar 23, 2021

NEW ORLEANS -

According to documents filed on Feb. 17, defendants A.P. Moller-Maersk, the A.P. Moller-Maersk Group and the Maersk Agency, a Denmark-based group specializing in global goods transportation, are guilty of trafficking property that was confiscated from deceased people by the Cuban Government in 1959.

The decedents owned many businesses, including a sugar mill and a maritime development company, as well as 11,000 acres of land, all of which were confiscated by the Cuban Government in 1959, the suit claims. The confiscated property has never been returned nor has any compensation been made to the decedents or the decedents' estates, the suit says.

Trafficking property confiscated by the Cuban government is prohibited by the Helms-Burton Act.

https://louisianarecord.com/stories/575145032-shipping-giant-accused-of-transporting-property-stolen-by-cuban-government-from-its-citizens

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